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Kodak stock gains 1% in down market after taking risk EV battery \\\’extremely cell\\\’ maker

hares of Eastman Kodak Co. KODK, +1.64% climbed 1.0 %in morning trading Wednesday, to buck the selloff in the wider securities market, after the commercial print and also innovative materials firm stated it took a minority stake in a maker of components for batteries utilized for electrical automobiles. Financial terms were not disclosed, however Kodak claimed it took the stake in Wildcat Discovery Technologies, which is creating an EV “incredibly cell” that can supply more than 90% improvement in energy density over existing batteries. Kodak stated the investment it made comes with the objective of having Wildcat’s “extremely cell” all set for commercialization in two years. “This financial investment in Wildcat mirrors Kodak’s dedication to building new organizations by leveraging our existing skills as well as facilities,” stated Kodak President Jim Continenza. “Coating substratums is a crucial facet of producing batteries and also no one is much better at finish than Kodak.” Kodak’s stock has actually obtained 7.3% year to day. The S&P 500 SPX, +1.92%, which was down 1.0% early Wednesday, has actually dropped 20.7% this year.

Eastman Kodak Co. stock rises Friday, still underperforms market

The eastman kodak stock , +1.64% climbed 1.64% to$ 4.96 Friday, on what confirmed to be a well-rounded desirable trading session for the stock market, with the NASDAQ Composite Index COMP, +1.79% climbing 1.79% to 11,452.42 and the Dow Jones Industrial Average DJIA, +2.15% increasing 2.15% to 31,288.26. Eastman Kodak Co. closed $2.96 except its 52-week high ($ 7.92), which the business attained on August 3rd.

The stock outperformed a few of its competitors Friday, as Canon Inc. ADR CAJ, +0.94% increased 0.94% to$ 22.62, HP Inc. HPQ, +1.54% climbed 1.54% to $31.66, and also FUJIFILM Holdings Corp. ADR FUJIY, +0.99% climbed 0.99% to $53.16. Trading quantity (739,475) continued to be 403,162 below its 50-day ordinary volume of 1.1 M.

Eastman Kodak (NYSE: KODK) Stock Passes Below 50-Day Moving Standard of $4.83.

Eastman Kodak (NYSE: KODK– Obtain Ranking)’s stock price went across listed below its 50 day moving standard during trading on Monday. The stock has a 50 day relocating standard of $4.83 and traded as reduced as $4.70. Eastman Kodak shares last traded at $4.78, with a quantity of 1,025,146 shares altering hands.

A variety of equities research study analysts have actually lately issued reports on KODK shares. StockNews.com started coverage on Eastman Kodak in a study report on Thursday, March 31st. They set a “sell” rating on the stock. TheStreet lowered shares of Eastman Kodak from a “c-” ranking to a “d” ranking in a research note on Friday, May 27th.

The business has a fifty day relocating ordinary rate of $4.83 and also a two-hundred day moving typical price of $4.97. The firm has a market cap of $377.24 million, a PE proportion of 239.00 and also a beta of 4.61. The company has a debt-to-equity proportion of 0.33, a present proportion of 2.37 and also a quick ratio of 1.63.

Eastman Kodak (NYSE: KODK– Get Score) last uploaded its quarterly revenues outcomes on Tuesday, May 10th. The modern technology company reported ($ 0.08) incomes per share (EPS) for the quarter. Eastman Kodak had a return on equity of 3.27% and also a net margin of 1.28%. The business had earnings of $290.00 million throughout the quarter.
Several institutional investors have actually lately bought and sold shares of the company. Amalgamated Bank obtained a brand-new stake in Eastman Kodak during the initial quarter valued at $47,000. PNC Financial Solutions Team Inc. increased its risk in shares of Eastman Kodak by 471.4% throughout the first quarter. PNC Financial Services Team Inc. now has 8,000 shares of the technology firm’s stock worth $52,000 after buying an added 6,600 shares in the last quarter. Qube Research Study & Technologies Ltd acquired a new stake in shares of Eastman Kodak throughout the fourth quarter valued at regarding $57,000. Commonwealth Equity Providers LLC acquired a new stake in shares of Eastman Kodak in the first quarter valued at roughly $69,000. Ultimately, Sign Pointe Advisors LLC acquired a brand-new setting in Eastman Kodak in the first quarter worth about $83,000. Institutional investors and also hedge funds own 44.78% of the firm’s stock.

About Eastman Kodak (NYSE: KODK).

Eastman Kodak Firm offers hardware, software application, consumables, as well as services to consumers in the commercial print, product packaging, publishing, manufacturing, as well as home entertainment markets worldwide. The company runs through Traditional Printing, Digital Printing, Advanced Products as well as Chemicals, and also Brand name.